Today's news highlights:

1. Trump nominated former government policy advisor Brooke Rollins to serve as Secretary of Agriculture.

2. Wall Street bond trading giant Cantor will acquire approximately 5% ownership interest in Tether for $600 million.

3. Musk tweeted about liking the 'WOULD' meme, and the similarly named token's market cap surpassed $20 million.

4. ZKasino project borrowed 8 million DAI last night to buy 2,301 ETH, currently totaling 19.589 million DAI borrowed for 5,801 ETH.

5. Tether minted 5 billion USDT in the last 3 days, and its net minted amount has reached 13 billion since November 6.

6. Arthur Hayes: Bitcoin could reach $250,000 by the end of 2025, and Dogecoin could reach $1.

7. A whale has averaged down 15 times, investing $1.023 million in ai16z, currently facing an unrealized loss of $290,000.

Regulatory news

The China Securities Regulatory Commission published 8 financial industry standards, including the (General Communication Guidelines for Blockchain Infrastructure in Regional Equity Markets).

According to the official website of the China Securities Regulatory Commission, the CSRC has released 8 financial industry standards, including the (General Communication Guidelines for Blockchain Infrastructure in Regional Equity Markets). The financial industry standards specify the communication guidelines between the general financial infrastructure based on the 'regulatory chain - local business chain' dual-layer architecture and existing systems in regional equity markets, clarifying the systems, main data objects, business scenarios, and operational instructions involved in 6 types of communication agreements, including user registration agreements, asset registration agreements, fund mapping agreements, asset mapping agreements, transfer management agreements, and settlement management agreements. The formulation and implementation of these standards will help fully leverage the supporting role of the 'regulatory chain - local business chain' dual-layer blockchain architecture for existing business systems, promoting the renovation and connection of existing business systems.

Trump nominated former government policy advisor Brooke Rollins to serve as Secretary of Agriculture.

According to Jin Shi News, U.S. President-elect Trump nominated former Trump administration policy advisor Brooke Rollins as Secretary of Agriculture. Trump stated in the announcement that Brooke is committed to supporting American farmers, defending U.S. food self-sufficiency, and revitalizing American small towns reliant on agriculture.

Project dynamics

The ZKasino project borrowed 8 million DAI last night to buy 2,301 ETH, currently totaling 19.589 million DAI borrowed for 5,801 ETH.

On-chain analyst Yu Jin monitored that the ZKasino project borrowed another 8 million DAI last night to buy 2,301 ETH, currently borrowing a total of 19.589 million DAI to purchase 5,801 ETH, at an average price of $3,377.

Earlier news reported that ZKasino misappropriated funds intended to be returned to users for leverage trading ETH on-chain.

Arthur Hayes: Bitcoin could reach $250,000 by the end of 2025, and Dogecoin could reach $1.

In his latest podcast, Arthur Hayes predicted that Bitcoin would reach $100,000 by the end of this year and could reach $250,000 by the end of 2025, while Dogecoin could reach $1. He also advised first-time bull market participants to stay rational and take profits at appropriate times; clinging to the mindset of 'I can earn more' might ultimately lead to losing wealth that has already been gained.

Sources: Wall Street financial services firm Cantor will acquire approximately 5% ownership interest in Tether.

The Wall Street Journal reported that sources revealed Wall Street financial services firm Cantor Fitzgerald has agreed to acquire 5% of the stablecoin issuer Tether in 2023, with the value of this 5% stake reaching up to $600 million when the agreement was reached. This could mean that Tether will gain more political support, as Cantor Fitzgerald's CEO Howard Lutnick was appointed as U.S. President-elect Donald Trump's Secretary of Commerce on November 19. Tether's largest shareholder Giancarlo Devasini stated, 'Lutnick will use his political influence to attempt to resolve the threats facing Tether.'

Earlier news reported that Wall Street financial services firm Cantor Fitzgerald plans to launch Bitcoin financing and lending services. Last December, Wall Street bond trading giant Cantor Fitzgerald's CEO Howard Lutnick praised stablecoin issuer Tether (USDT) in an interview with CNBC. Lutnick described himself as a 'big fan' of Tether and mentioned that he holds Tether's treasury bonds. 'They have a lot of treasury bonds; they are now over $90 billion, so I am a big fan of Tether.' Last February, it was reported that more than half of Tether's stablecoin reserves are managed by Cantor Fitzgerald.

Ethereum L2 network Movement: The Parthenon testnet has concluded, with a total of 681 million transactions accumulated.

The Ethereum L2 network Movement, based on the Move language, announced that the Parthenon testnet activity has concluded. The Movement testnet accumulated a total of 681 million transactions, 15.8 million active addresses, and launched 63 apps.

Earlier news reported that the Ethereum L2 network Movement officially launched its public testnet using the Move language.

CryptoQuant CEO: The Bitcoin market does not seem to have formed a bubble yet, and BTC could rise to $141,000.

CryptoQuant CEO Ki Young Ju stated on the X platform that the Bitcoin market does not seem to have formed a bubble. Compared to the cumulative on-chain capital inflow, the market cap has not significantly increased. Based on the current realized cap, it could rise to $141,000. The realized cap is steadily increasing each day.

Realized market cap can measure the total capital inflow into the Bitcoin market. It is calculated by summing the values of all bitcoins based on their last on-chain movement price. Historically, during bull markets, the market cap often exceeds the realized cap, peaking as retail investors join in. In bear markets, the market cap usually falls below the realized cap.

Musk tweeted about liking the 'WOULD' meme, and the similarly named token's market cap surpassed $20 million.

Musk stated on the X platform that he likes the 'WOULD' meme. Following this news, the similarly named token quickly surged past $0.025, with a market cap exceeding $20 million.

Tether spokesperson: The relationship with Cantor Fitzgerald is purely professional, and the claim that its CEO Lutnick influences regulatory actions is completely unfounded.

According to The Block, a spokesperson for Tether stated: "Tether's relationship with Cantor Fitzgerald is entirely professional and based on managing reserves. The claim that Howard Lutnick joined the transition team in some way implies influence over regulatory actions is nonsense."

Jupiter: The first Jupuary vote will open on November 25, seeking a 70% approval rate.

Jupiter announced on the X platform that the first Jupuary vote will take place on November 25, seeking a 70% approval rate. If the requirement is not met, the team will quickly hold a new vote until the required approval milestone is reached. Jupiter added that this is one of the most significant votes in its history and one of the most interesting votes in DAO history.

Important data

The two pizzas ordered with 10,000 bitcoins in 2010 are now worth $978 million.

According to Cointelegraph, programmer Laszlo Hanyecz ordered two Papa John's pizzas in 2010 for 10,000 bitcoins. At current market prices, these two pizzas are worth over $978 million.

Tether minted 5 billion USDT in the last 3 days, and its net minted amount has reached 13 billion since November 6.

According to Spot On Chain monitoring, Tether minted $3 billion USDT on the Ethereum and Tron networks 6 hours ago. In the past 3 days, Tether has minted $5 billion USDT and injected $2.83 billion USDT into the cryptocurrency market. Since November 6, the total net minted amount has reached $13 billion USDT.

A savvy trader operating in ETH bought 366.5 WBTC 7 hours ago.

On-chain analyst Yu Jin monitored that a savvy trader who made 17 rounds of ETH trades bought 366.5 WBTC using $35.82 million USDT 7 hours ago, at an average price of $97,751.

A whale built a position of $11.46 million in JTO, becoming its highest valued asset.

According to @ai_9684xtpa monitoring, the whale 5E2d6...BpkPq withdrew 3.22 million JTO from Binance 12 hours ago, with an average price of $3.66, becoming its highest valued asset. JTO is the project token of Jito Network, the MEV infrastructure on the Solana network. Dune data panel shows that Jito MEV's daily yield reached 6,900 SOL ($1.45 million) on November 11; the explosive growth of the Solana ecosystem this year has also led to a 119% increase in JTO's price over the past year.

A whale has averaged down 15 times, investing $1.023 million in ai16z, currently facing an unrealized loss of $290,000.

According to @ai_9684xtpa monitoring, the whale DZsGo...YjG2L entered the market during the ai16z peak on November 19, buying more as prices fell, and has accumulated 15 average down purchases totaling $1.023 million; its average cost is $0.2044. Due to controversial remarks made by the ai16z founder this morning, its unrealized loss peaked at $535,000, nearly halving.

A whale lost $385,000 due to the collapse of the MATL token.

According to Onchain Lens monitoring, a whale lost $385,000 due to the MATL crash. The token MATL promoted by AI16Z fell by 94%, resulting in a massive loss of about $385,000.

5 days ago, a whale purchased 12.91 million MATL for 1,650 SOL (worth $399,000).

Just 5 hours ago, this whale sold all of its MATL for just $14,000, acquiring 743,000 MUSTARD tokens.